A Company Is Planning to Completely Change Its Employee Performance

question 101

Multiple Choice

A company is planning to completely change its employee performance, appraisal and reward system. Which of the following is NOT viable for consideration in the new system?

• A) Integrating subordinate, peer, customer, and self-evaluations with supervisory ratings.
• B) Using continuous improvement, quality and customer satisfaction as key criteria.
• C) Requiring work team or group evaluations that are equal in emphasis to individual evaluations.
• D) Requiring less frequent performance reviews, but utilizing many rating categories.

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Definitions:

Going Concern Assumption

The assumption that the entity will continue to operate for the foreseeable future.

Historical Costs

The original monetary value at which an asset was bought or a liability was incurred.

Liquidation

The process of closing a business, selling its assets, and using the proceeds to pay creditors, with any leftovers distributed to shareholders.

Measurement Base

The method or approach used in determining the value of assets and liabilities for accounting and reporting purposes.